Chewy (NYSE:CHWY) Price Target Lowered to $39.00 at TD Cowen

Chewy (NYSE:CHWY) had its target price trimmed by TD Cowen from $48.00 to $39.00 in a report released on Tuesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

CHWY has been the subject of several other reports. Wedbush set a $42.00 price objective on shares of Chewy and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. UBS Group set a $51.00 target price on Chewy in a research report on Tuesday, January 13th. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research note on Thursday, December 11th. Raymond James Financial raised Chewy from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a report on Thursday, February 19th. Finally, Piper Sandler restated an “overweight” rating on shares of Chewy in a research note on Thursday, February 5th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Chewy presently has an average rating of “Moderate Buy” and an average target price of $45.55.

Chewy Price Performance

Shares of CHWY opened at $25.58 on Tuesday. The company’s 50-day moving average is $28.94 and its 200-day moving average is $33.53. The firm has a market capitalization of $10.62 billion, a PE ratio of 53.30, a PEG ratio of 1.76 and a beta of 1.60. Chewy has a fifty-two week low of $23.06 and a fifty-two week high of $48.62.

Chewy (NYSE:CHWY) last announced its earnings results on Wednesday, December 10th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. Chewy had a net margin of 1.64% and a return on equity of 56.78%. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the firm posted $0.20 EPS. Chewy’s revenue was up 8.1% compared to the same quarter last year. Analysts predict that Chewy will post 0.24 earnings per share for the current fiscal year.

Insider Transactions at Chewy

In other Chewy news, CTO Satish Mehta sold 13,013 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $28.99, for a total transaction of $377,246.87. Following the transaction, the chief technology officer owned 273,835 shares in the company, valued at $7,938,476.65. This represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Chewy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quent Capital LLC bought a new stake in shares of Chewy in the third quarter valued at approximately $27,000. Osterweis Capital Management Inc. bought a new position in Chewy during the 2nd quarter worth $30,000. CoreCap Advisors LLC increased its stake in Chewy by 306.3% during the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock worth $28,000 after acquiring an additional 637 shares during the period. Los Angeles Capital Management LLC acquired a new position in Chewy in the 4th quarter valued at $31,000. Finally, Harbour Investments Inc. raised its holdings in Chewy by 81.4% in the 4th quarter. Harbour Investments Inc. now owns 907 shares of the company’s stock valued at $30,000 after acquiring an additional 407 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Chewy

Here are the key news stories impacting Chewy this week:

• Positive Sentiment: Analysts kept bullish ratings despite cuts — Morgan Stanley trimmed its price target only slightly (from $51 to $50) and maintained an Overweight rating, signaling continued confidence in Chewy’s long-term growth potential. Benzinga: Morgan Stanley PT Cut
• Positive Sentiment: TD Cowen reiterated a Buy rating and cited sustained market-share gains and autoship strength as key drivers, which supports upside even after they lowered their target to $39. TipRanks: TD Cowen Notes
• Positive Sentiment: Seeking Alpha published a bullish view framing Chewy as a defensive, recurring-revenue play in an uncertain economy — a narrative that can attract investor interest during volatility. Seeking Alpha: Defensive Staple
• Neutral Sentiment: TD Cowen’s target cut from $48 to $39 is material (reduces implied upside), but the firm retained a Buy — this is mixed news that both limits upside expectations and shows continued confidence. StreetInsider: TD Cowen PT Lowered
• Neutral Sentiment: Comparative coverage (CMRC vs CHWY) discusses relative valuation and may drive some rotation/interest but is not a direct catalyst for Chewy itself. Yahoo: CMRC vs CHWY
• Negative Sentiment: Market headlines highlighted that Chewy underperformed the broader market today, which can trigger momentum selling and stop-losses; this was reported across outlets summarizing the intraday drop. Yahoo: CHWY Falls More Steeply

Chewy Company Profile

Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.

Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.